TOKYO -- The Nikkei Asian Review has won a top prize in economic journalism from Spain's IE Business School. It is the third time the Tokyo-based English-language weekly and digital news platform has been recognized by the leading business school for its contribution to business journalism.
The cover story "Shrinking to survive: Japan's banks face a quiet crisis" (Feb. 26-March 4, 2018, issue), by Nikkei staff writer Mitsuru Obe, was named Best Economics Article earlier this month by the Madrid-based school. The awards ceremony took place in the Spanish capital on April 24.
The Nikkei Asian Review received the school's awards for Best Journalistic Work on Latin America's Economy in 2016 and Best Regional Economic Media in 2015.
The sixth edition of the annual Asian Economic Journalism Award competition attracted more than 160 submissions from over 60 Asian media organizations. The works were evaluated in terms of their contribution to communicating and analyzing the new economic dynamics and challenges the region faces in the future, the school says.
"Shrinking to survive" highlights how Japanese retail banks have continued to stick to their traditional ways even as the digital revolution has been upending industries both within and outside the country. The article raises broader questions about service-sector productivity in Japan and sheds light on how foreign companies and domestic startups are forcing the industry to modernize.
The awards program is sponsored by the CAF Development Bank of Latin America, and is supported by the Spanish edition of CNN and major business groups in Spain.